Natural Gas Nabobs May Come Around

I am getting nervous about my strong natural gas stand. The year of natural gas, as I call it. I am getting nervous because I am beginning to hear people talk about natural gas as an alternative to oil.

Heavens!

Natural gas is the easiest, cleanest, most abundant and best fuel around, but neither the president, nor any of the candidates believe in it. The stocks, Apache (APA - commentary - Cramer's Take), El Paso (EP - commentary - Cramer's Take), Anadarko (APC - commentary - Cramer's Take), , XTO (XTO - commentary - Cramer's Take), Ultra (UPL - commentary - Cramer's Take), , Southwestern (SWN - commentary - Cramer's Take), Chesapeake (CHK - commentary - Cramer's Take), Encana (ECA - commentary - Cramer's Take) have all moved so much that I worry without a switch from the top out of ethanol and into natural gas, we are going to be liking these stocks solely for their asset values -- as nat gas goes up -- and not for their replacement value. I care about both because natural gas futures tend to be so volatile that a quick downturn because of a week or two of an inventory build is going to cause quite a spill.

I think the politicians will hear the drumbeat, but they have been deaf to it so far. It's pretty inexplicable.

I care about the politicians because I want a multiyear move in natural gas like the multiyear move we have had in ag. It will not happen unless the fuel has wide adoption. Still, it is good, at last, after fabulous moves in the stocks, that the rest of the media is identifying the theme.

At the time of publication, Cramer was long El Paso, Freeport McMoRan and XTO Energy.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.